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Friday 12 July 2019

LG Chem is working on a potential new billion-dollar US battery cell factory for electric cars

LG Chem, one of the leading producers of Li-Ion battery cells for electric cars, is working on a potential new billion-dollar US battery cell factory.

The Korean battery producer is already operating a battery factory in Michigan and now it is looking to expand to support the growing electric vehicle market.

Reuters reports that LG is currently looking into locations for a $1.7 billion factory:

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